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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (102)	1/10/2001 4:39:34 PM
From: CIMA	Respond to of 8273

MCL.TO - Moore Corporation Names Robert B. Lewis Executive Vice President, Chief Financial Officer TORONTO & BANNOCKBURN, Ill., Jan 10, 2001 (BUSINESS WIRE) -- Robert G. Burton, President & Chief Executive Officer of Moore Corporation Limited (TSE:MCL.TO0)(NYSE: MCL), announced today the appointment of Robert B. Lewis as Executive Vice President, Chief Financial Officer. Mr. Burton stated: "We have much work to do at Moore to get our costs in line with our revenue and prepare the organization for growth. The CFO role will be vital to our success going forward and I have absolutely no doubt, given Mr. Lewis' experience and proven track record, that he has the ability to go the distance and do whatever is necessary to ensure our future success. I have worked along side Bob in the past and found him to be an excellent strategic thinker who has a strong history of consistently delivering improved results. I will be looking for Bob to take a hands-on role in reducing capital spending and increasing our return on investment to the organization. I will further rely on Bob to play a lead role in delivering on our cost containment objective of $100 million and for putting in place a strong team and the disciplines required to heighten financial accountability at Moore." Mr. Lewis stated: " With the changes that Mr. Burton will facilitate at Moore over the next 12 to 18 months, I view this as an opportune time to join his senior management team and help set the tone for the future. His commitment and ability to turn around struggling, unfocused operations and to deliver increased value to shareholders, customers and employees is well proven and a key reason I decided to become part of his new team. I share Bob's conviction that there is much that can be accomplished at Moore with responsive management under the right guidance and leadership. As a result, my initial efforts will be directed at rationalizing Moore's cost structure and downsizing non-core operations. This objective will enable Moore to build its market leadership in each of our operating segments. With this backdrop, I believe that the company is poised for great things and look forward to providing financial leadership directed at generating improved results and increased shareholder value." Mr. Lewis brings over 15 years of corporate finance, accounting, tax planning, audit operations, budgeting, business development and IT management experience to Moore, having spent the majority of his career in printing related industries. He previously held a series of senior executive positions at World Color Press (NYSE: WRC) including the position of Executive Vice President and Chief Financial Officer where he managed three rounds of financing and several significant acquisitions, culminating with the company's merger with Quebecor Printing in the fall of 1999. That merger resulted in the formation of the world's largest and most profitable printing company. Prior to his role at World Color, Mr. Lewis held senior management roles at L.P. Theabult, a U.S.-based commercial printer. Mr. Lewis earned his B.S. in Accounting and Computer Sciences from Rider University. Mr. Lewis will report directly to Mr. Burton and replaces Michael Rousseau who will be leaving Moore after a short transition period to pursue other interests. Moore Corporation Limited is an international provider of products and services that help companies communicate through print and digital technologies. As a leading supplier of document formatted information, print outsourcing and data based marketing, Moore designs, manufactures and delivers business communication products, services and solutions to customers. Moore operates in complementary marketplaces: Forms, Print Management and Related Products which includes Label Systems and Customer Communication Services including personalized direct mail, statement printing and database management. The Moore Internet address is www.moore.com. This news release contains statements relating to future results of Moore (including certain anticipated, believed, planned, forecasted, expected, targeted, and estimated results and Moore's outlook concerning future results) that are "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Factors that could cause such material differences include, without limitation, the following: the effects of paper price fluctuations on Moore's forms operations, execution of key strategies, the rate of migration from paper-based forms to digital formats, future growth rates in Moore's Customer Communications Services businesses, the impact of currency fluctuations in the countries in which Moore operates, general economic and other factors beyond Moore's control, and other assumptions, risks and uncertainties described from time to time in Moore's periodic filings with securities regulators. CONTACT: James E. Lillie, Moore Corporation Limited 847/607-7128 URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2001 Business Wire. All rights reserved. -0- KEYWORD: ILLINOIS INTERNATIONAL CANADA INDUSTRY KEYWORD: SOFTWARE PUBLISHING MANAGEMENT CHANGES